steven charles champagnesteven c. champagne crd# 4169488 currently employed by and registered with...

BrokerCheck Report

STEVEN CHARLES CHAMPAGNE

Section Title

Report Summary

Broker Qualifications

Registration and Employment History

Disclosure Events

CRD# 4169488

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6 - 7

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Page(s)

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STEVEN C. CHAMPAGNE

CRD# 4169488

Currently employed by and registered with thefollowing Firm(s):

LPL FINANCIAL LLC103 COMMERCE STSEVIERVILLE, TN 37862CRD# 6413Registered with this firm since: 03/11/2016

B

PRIVATE ADVISOR GROUP, LLC117 Court AvenueSevierville, TN 37862CRD# 155216Registered with this firm since: 03/11/2016

IA

Report Summary for this Broker

This report summary provides an overview of the broker's professional background and conduct. Additionalinformation can be found in the detailed report.

Disclosure Events

All individuals registered to sell securities or provideinvestment advice are required to disclose customercomplaints and arbitrations, regulatory actions,employment terminations, bankruptcy filings, andcriminal or civil judicial proceedings.

Are there events disclosed about this broker? Yes

The following types of disclosures have beenreported:

Type Count

Customer Dispute 5

Financial 5


This broker is registered with:

1 Self-Regulatory Organization

9 U.S. states and territories

This broker has passed:

0 Principal/Supervisory Exams

2 General Industry/Product Exams

1 State Securities Law Exam

Registration History

This broker was previously registered with thefollowing securities firm(s):

MORGAN STANLEYCRD# 149777PURCHASE, NY10/2009 - 04/2016

IA

MORGAN STANLEYCRD# 149777KNOXVILLE, TN10/2009 - 04/2016

B

MORGAN KEEGAN & COMPANY, INC.CRD# 4161MEMPHIS, TN03/2004 - 10/2009

IA

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1�2021 FINRA. All rights reserved. Report about STEVEN C. CHAMPAGNE.

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Registrations

This section provides the self-regulatory organizations (SROs) and U.S. states/territories the broker is currently registered and licensed with, thecategory of each license, and the date on which it became effective. This section also provides, for every brokerage firm with which the broker iscurrently employed, the address of each branch where the broker works.

This individual is currently registered with 1 SRO and is licensed in 9 U.S. states and territories through his or her employer.

Employment 1 of 2Firm Name:

Main Office Address:

Firm CRD#:

LPL FINANCIAL LLC

6413

1055 LPL WAYFORT MILL, SC 29715

SRO Category Status Date

B FINRA General Securities Representative APPROVED 03/11/2016

BU.S. State/ Territory Category Status Date

B Arizona Agent APPROVED 03/15/2016

B Florida Agent APPROVED 03/11/2016

B Georgia Agent APPROVED 03/11/2016

B Mississippi Agent APPROVED 08/08/2016

B New York Agent APPROVED 03/11/2016

B North Carolina Agent APPROVED 03/11/2016

B Ohio Agent APPROVED 09/09/2016

B South Carolina Agent APPROVED 03/11/2016

B Tennessee Agent APPROVED 01/11/2018

Branch Office Locations

LPL FINANCIAL LLC103 COMMERCE ST


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Employment 1 of 2, continuedSEVIERVILLE, TN 37862

Employment 2 of 2Firm Name:

Main Office Address:

Firm CRD#:

PRIVATE ADVISOR GROUP, LLC

155216

65 MADISON AVENUE, SUITE 300MORRISTOWN, NJ 07960

BU.S. State/ Territory Category Status Date

IA Tennessee Investment Adviser Representative APPROVED 03/11/2016

Branch Office Locations

This individual does not have any registered Branch Office where the individual is located.


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Industry Exams this Broker has Passed

This individual has passed 0 principal/supervisory exams, 2 general industry/product exams, and 1 state securities law exam.

This section includes all securities industry exams that the broker has passed. Under limited circumstances, a broker may attain a registrationafter receiving an exam waiver based on exams the broker has passed and/or qualifying work experience. Any exam waivers that the broker hasreceived are not included below.

Exam Category Date

Principal/Supervisory Exams

No information reported.

Exam Category Date

General Industry/Product Exams

Securities Industry Essentials Examination 10/01/2018SIEB

General Securities Representative Examination 08/16/2000Series 7B

Exam Category Date

State Securities Law Exams

Uniform Securities Agent State Law Examination 10/18/2000Series 63B

Additional information about the above exams or other exams FINRA administers to brokers and other securities professionals can be found atwww.finra.org/brokerqualifications/registeredrep/.


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Professional Designations

This section details that the representative has reported 0 professional designation(s).

No information reported.





Registration History

Registration Dates Firm Name CRD# Branch Location

The broker previously was registered with the following firms:

IA 10/2009 - 04/2016 MORGAN STANLEY 149777 KNOXVILLE, TN

B 10/2009 - 04/2016 MORGAN STANLEY 149777 KNOXVILLE, TN

IA 03/2004 - 10/2009 MORGAN KEEGAN & COMPANY, INC. 4161 MARYVILLE, TN

B 08/2000 - 10/2009 MORGAN KEEGAN & COMPANY, INC. 4161 MARYVILLE, TN

Employment History

Employment Employer Name Investment RelatedPosition Employer Location

This section provides up to 10 years of an individual broker's employment history as reported by the individual broker on the most recently filedForm U4.

Please note that the broker is required to provide this information only while registered with FINRA or a national securities exchangeand the information is not updated via Form U4 after the broker ceases to be registered. Therefore, an employment end date of"Present" may not reflect the broker's current employment status.

03/2016 - Present LPL FINANCIAL, LLC RegisteredRepresentative

Y Sevierville, TN, United States

03/2016 - Present Private Advisor Group, LLC Investment AdvisorRepresentative

Y Sevierville, TN, United States

01/2015 - 03/2016 MORGAN STANLEY PRIVATE BANK,NATIONAL ASSOCIATION

FINANCIAL ADVISOR Y NEW YORK, NY, UnitedStates

10/2009 - 03/2016 MORGAN STANLEY SMITH BARNEY FINANCIAL ADVISOR Y KNOXVILLE, TN, UnitedStates

Other Business Activities

This section includes information, if any, as provided by the broker regarding other business activities the broker is currently engaged in either asa proprietor, partner, officer, director, employee, trustee, agent or otherwise. This section does not include non-investment related activity that isexclusively charitable, civic, religious or fraternal and is recognized as tax exempt.

1. 03/11/2016 - CAPITAL WEALTH COUNSEL - Investment Related - At Reported Business Location(s) - DBA FOR LPL BUSINESS (ENTITYFOR LPL BUSINESS) - Started 2/29/2016 - 100 Hours Per Month/5 Hours During Securities Trading - Time Spent 100%.

2. 3/31/2016 - Private Advisor Group - DBA: (Hybrid) Capital Wealth Counsel - Investment Related - At Reported Business Location(s) -Registered Investment Advisor DBA - Started 2/29/2016 - 100 Hours Per Month/5 Hours During Securities - TIME SPENT 100%.

3. 3/31/2016 - Private Advisor Group, LLC - DBA: (Hybrid) Private Advisor Group - Investment Related - At Reported Business Location(s) -Registered Investment Advisor Hybrid - Started 2/1/2016 - TIME SPENT 100% - Advisory Services provided by the RIA.





Other Business Activities, continued

1. 03/11/2016 - CAPITAL WEALTH COUNSEL - Investment Related - At Reported Business Location(s) - DBA FOR LPL BUSINESS (ENTITYFOR LPL BUSINESS) - Started 2/29/2016 - 100 Hours Per Month/5 Hours During Securities Trading - Time Spent 100%.

2. 3/31/2016 - Private Advisor Group - DBA: (Hybrid) Capital Wealth Counsel - Investment Related - At Reported Business Location(s) -Registered Investment Advisor DBA - Started 2/29/2016 - 100 Hours Per Month/5 Hours During Securities - TIME SPENT 100%.

3. 3/31/2016 - Private Advisor Group, LLC - DBA: (Hybrid) Private Advisor Group - Investment Related - At Reported Business Location(s) -Registered Investment Advisor Hybrid - Started 2/1/2016 - TIME SPENT 100% - Advisory Services provided by the RIA.




Disclosure Events

What you should know about reported disclosure events:

1. All individuals registered to sell securities or provide investment advice are required to disclose customer complaints and arbitrations,regulatory actions, employment terminations, bankruptcy filings, and criminal or civil judicial proceedings.

2. Certain thresholds must be met before an event is reported to CRD, for example: o A law enforcement agency must file formal charges before a broker is required to disclose a particular criminal event. o A customer dispute must involve allegations that a broker engaged in activity that violates certain rules or conduct governing the

industry and that the activity resulted in damages of at least $5,000. o

3. Disclosure events in BrokerCheck reports come from different sources: o As mentioned at the beginning of this report, information contained in BrokerCheck comes from brokers, brokerage firms and

regulators. When more than one of these sources reports information for the same disclosure event, all versions of the event willappear in the BrokerCheck report. The different versions will be separated by a solid line with the reporting source labeled.

o4. There are different statuses and dispositions for disclosure events:

o A disclosure event may have a status of pending, on appeal, or final.§ A "pending" event involves allegations that have not been proven or formally adjudicated.§ An event that is "on appeal" involves allegations that have been adjudicated but are currently being appealed.§ A "final" event has been concluded and its resolution is not subject to change.

o A final event generally has a disposition of adjudicated, settled or otherwise resolved.§ An "adjudicated" matter includes a disposition by (1) a court of law in a criminal or civil matter, or (2) an administrative

panel in an action brought by a regulator that is contested by the party charged with some alleged wrongdoing.§ A "settled" matter generally involves an agreement by the parties to resolve the matter. Please note that brokers and

brokerage firms may choose to settle customer disputes or regulatory matters for business or other reasons.§ A "resolved" matter usually involves no payment to the customer and no finding of wrongdoing on the part of the

individual broker. Such matters generally involve customer disputes.

For your convenience, below is a matrix of the number and status of disclosure events involving this broker. Further informationregarding these events can be found in the subsequent pages of this report. You also may wish to contact the broker to obtain furtherinformation regarding these events.

Final On AppealPending

Customer Dispute 0 5 N/A

Financial 0 5 N/A




Disclosure Event Details

When evaluating this information, please keep in mind that a discloure event may be pending or involve allegations that are contested and havenot been resolved or proven. The matter may, in the end, be withdrawn, dismissed, resolved in favor of the broker, or concluded through anegotiated settlement for certain business reasons (e.g., to maintain customer relationships or to limit the litigation costs associated with disputingthe allegations) with no admission or finding of wrongdoing.

This report provides the information exactly as it was reported to CRD and therefore some of the specific data fields contained in the report maybe blank if the information was not provided to CRD.

Customer Dispute - Settled

This type of disclosure event involves a consumer-initiated, investment-related complaint, arbitration proceeding or civil suit containing allegationsof sale practice violations against the broker that resulted in a monetary settlement to the customer.

Disclosure 1 of 3

Reporting Source: Firm

Employing firm whenactivities occurred which ledto the complaint:

Allegations:

MSSB

Claimants allege inter alia FA solicited outside investment opportunities notauthorized by firm - 2014 to 2018

Product Type: No Product

Alleged Damages: $0.00

Date Notice/Process Served: 09/20/2019

Arbitration Pending? No

Disposition: Settled

Disposition Date: 03/18/2021

Monetary CompensationAmount:

$74,500.00

Arbitration Information

Alleged Damages AmountExplanation (if amount notexact):

Unspecified

Arbitration/CFTC reparationclaim filed with (FINRA, AAA,CFTC, etc.):

FINRA

Docket/Case #: 19-02804





$74,500.00

Firm Statement In order to avoid the costs and uncertainties of litigation, Morgan Stanley SmithBarney agreed to pay Claimants $24,500.00 in full and final settlement of any andall claims asserted by Claimants against it in this proceeding.

Individual ContributionAmount:

$50,000.00

iReporting Source: Broker


Allegations:

MSSB

CLAIMANTS ALLEGE INTER ALIA FA SOLICITED OUTSIDE INVESTMENTOPPORTUNITIES NOT AUTHORIZED BY FIRM - 2014 TO 2018.








$74,500.00

Broker Statement IN ORDER TO AVOID THE COSTS AND UNCERTAINTIES OF LITIGATION,MORGAN STANLEY SMITH BARNEY AGREED TO PAY CLAIMANTS $24,500 INFULL AND FINAL SETTLEMENT OF ANY AND ALL CLAIMS ASSERTED BYCLAIMANTS AGAINST IT IN THIS PROCEEDING.



$50,000.00


UNSPECIFIED


FINRA





IN ORDER TO AVOID THE COSTS AND UNCERTAINTIES OF LITIGATION,MORGAN STANLEY SMITH BARNEY AGREED TO PAY CLAIMANTS $24,500 INFULL AND FINAL SETTLEMENT OF ANY AND ALL CLAIMS ASSERTED BYCLAIMANTS AGAINST IT IN THIS PROCEEDING.

Disclosure 2 of 3

i



Allegations:

MSSB

Claimant alleges, inter alia, conversion of funds and selling away with respect tooutside investment purchased through FA.








$55,000.00

Firm Statement In order to avoid the costs and uncertainties of litigation, Morgan Stanley SmithBarney agreed to pay Claimants $5,000.00 in full and final settlement of any andall claims asserted by Claimants against it in this proceeding.



$50,000.00


Unspecified


FINRA







Allegations:

MSSB

CLAIMANTS ALLEGES, INTER ALIA, CONVERSION OF FUNDS AND SELLINGAWAY WITH RESPECT TO OUTSIDE INVESTMENT PURCHASED THROUGHFA.








$55,000.00

Broker Statement IN ORDER TO AVOID THE COSTS AND UNCERTAINTIES OF LITIGATION,MORGAN STANLEY SMITH BARNEY AGREED TO PAY CLAIMANTS $5,000 INFULL AND FINAL SETTLEMENT OF ANY AND ALL CLAIMS ASSERTED BYCLAIMANTS AGAINST IT IN THIS PROCEEDING.



$50,000.00


UNSPECIFIED.


FINRA


Disclosure 3 of 3

i



Allegations:

MORGAN STANLEY




Allegations: CLIENTS ALLEGE, INTER ALIA, THAT THE PURCHASES OF ON DECK STOCKIN THEIR ACCOUNTS IN 2014 AND 2015 WERE UNAUTHORIZED.

Product Type: Equity Listed (Common & Preferred Stock)

Alleged Damages: $164,772.19

Date Complaint Received: 11/21/2016

Complaint Pending? No

Status:

Status Date: 09/07/2017

Settlement Amount: $30,000.00


$0.00

Customer Complaint Information

Settled

Is this an oral complaint? No

Is this a written complaint? Yes

Is this an arbitration/CFTCreparation or civil litigation?

No



Allegations:

MORGAN STANLEY

CLIENTS ALLEGE, INTER ALIA, THAT THE PURCHASES OF ON DECK STOCKIN THEIR ACCOUNTS IN 2014 AND 2015 WERE UNAUTHORIZED.

Product Type: Equity Listed (Common & Preferred Stock)







No





Status:


Settlement Amount: $30,000.00


$0.00

Broker Statement THE REGISTERED REPRESENTATIVE WAS NOT HELD RESPONSIBLE INTHIS ACTION AND OUTCOME. THE REGISTERED REPRESENTATIVEDISAGREES WITH MORGAN STANLEY'S DECISION TO SETTLE THECOMPLAINT. THE REGISTERED REPRESENTATIVE BELIEVES NO VALIDCOMPLAINT EXISTED AND BELIEVES THAT NO VALID JUSTIFICATION FORSETTLEMENT EXISTED. THE REGISTERED REPRESENTATIVE BELIEVESTHAT ALL DISCLOSURES WERE PROPERLY MADE AND THAT THE CLIENTUNDERSTOOD, ACKNOWLEDGED AND APPROVED ALL TRANSFERS,PURCHASES AND SALES.

Settled




Customer Dispute - Closed-No Action / Withdrawn / Dismissed / Denied

This type of disclosure event involves (1) a consumer-initiated, investment-related arbitration or civil suit containing allegations of sales practiceviolations against the individual broker that was dismissed, withdrawn, or denied; or (2) a consumer-initiated, investment-related written complaintcontaining allegations that the broker engaged in sales practice violations resulting in compensatory damages of at least $5,000, forgery, theft, ormisappropriation, or conversion of funds or securities, which was closed without action, withdrawn, or denied.

Disclosure 1 of 2



Allegations:

MORGAN KEEGAN & COMPANY, INC.

WRITTEN COMPLAINT, SUBMITTED BY [THIRD PARTY], POA, DATED 6.28.10,ALLEGES UNSUITABILITY WITH REGARD TO A VARIABLE ANNUITY.

Product Type: Annuity-Variable




Status:


Settlement Amount:



Denied


DAMAGES ARE UNSPECIFIED BUT ARE BELIEVED TO BE IN EXCESS OF$5,000.




No






Allegations:


WRITTEN COMPLAINT, SUBMITTED BY [THIRD PARTY], POA, DATED 6.28.10,ALLEGES UNSUITABILITY WITH REGARD TO A VARIABLE ANNUITY.

Product Type: Annuity-Variable




Status:


Settlement Amount:



Denied


DAMAGES ARE UNSPECIFIED BUT ARE BELIEVED TO BE IN EXCESS OF$5,000.




No

Disclosure 2 of 2

i



Allegations:


WRITTEN COMPLAINT FROM CLIENT, DATED 3.18.10, ALLEGESUNSUITABILITY WITH REGARD TO A REIT PURCHASED 6.23.08.

Product Type: Other: REITS


Is this an oral complaint?16�2021 FINRA. All rights reserved. Report about STEVEN C. CHAMPAGNE.





Status:


Settlement Amount:



Denied




No



Allegations:


WRITTEN COMPLAINT FROM CLIENT, DATED 3.18.10, ALLEGESUNSUITABILITY WITH REGARD TO A REIT PURCHASED 6.23.08.

Product Type: Other: REITS




Status:


Settlement Amount:


Denied




No




Settlement Amount:





Financial - Final

This type of disclosure event involves a bankruptcy, compromise with one or more creditors, or Securities Investor Protection Corporationliquidation involving the broker or an organization/brokerage firm the broker controlled that occurred within the last 10 years.

Disclosure 1 of 5

Reporting Source: Broker

Action Type: Compromise

Action Date: 02/16/2016

Organization Investment-Related?

Action Pending? No

Disposition: Satisfied/Released


The items referenced are non-client related. They are consumer accounts openedduring a multi-million dollar construction project I had going on at the time. I wasrelying on a team of contractors working for me to keep up with them throughoutthe project. After becoming aware of their existence they were all paid immediately.All have a zero balance and I am voluntarily providing this explanation toaccompany the disclosure item referenced.

Broker Statement

Name of Creditor: Bank of America

Original Amount Owed: $16,071.91

Terms Reached with Creditor: Compromised/Settled for $4000.00

If a compromise with creditor,provide:

Disclosure 2 of 5

i





Action Pending? No







Broker Statement

Name of Creditor: Denovus/Merrick Bank


Terms Reached with Creditor: Compromised/Settled for 2111.50


Disclosure 3 of 5

i





Action Pending? No




Broker Statement

Name of Creditor: Prefrd Cust/Wells Fargo


Terms Reached with Creditor: Compromised/Settled for $3372.03






Broker Statement

Disclosure 4 of 5

i





Action Pending? No




Broker Statement

Name of Creditor: American Express


Terms Reached with Creditor: Compromised/settled for $1190.00


Disclosure 5 of 5

i









Action Pending? No




Broker Statement

Name of Creditor: Synchrony Bank


Terms Reached with Creditor: Compromised/settled for $1750.00





End of Report

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Report SummaryBroker QualificationsRegistration and Employment HistoryDisclosure EventsDisclosure InformationCustomer Dispute - SettledDisclosure #1Disclosure #2Disclosure #3

Customer Dispute - Closed-No Action / Withdrawn / Dismissed / DeniedDisclosure #1Disclosure #2

Financial - FinalDisclosure #1Disclosure #2Disclosure #3Disclosure #4Disclosure #5

steven charles champagnesteven c. champagne crd# 4169488 currently employed by and registered with...

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